(Bloomberg) -- Emap Plc, the U.K. publisher of Zoo and Grazia magazines, ousted Chief Executive Officer Tom Moloney after a decline in advertising at its consumer titles.
Alun Cathcart, non-executive chairman, is now interim executive chairman and will be acting CEO, London-based Emap said today in a statement. The shares had their biggest gain in a year on speculation Moloney's departure will help draw a takeover bid.
Read more at Bloomberg Stocks News
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